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Exercise 2 - 5 ( Algo ) Identifying type and normal balances of accounts LO C 2 For each of the following ( 1 )

Exercise 2-5(Algo) Identifying type and normal balances of accounts LO C2
For each of the following
(1) identify the account as an asset, liability, equity, revenue, or expense;
(2) identify the normal balance of the account; and
(3) select debit or credit to identify the kind of entry that would increase the account balance.
\table[[Account,Type of Account.,Normal Balance,Increase (Debit or Credit),],[a. Wages Payable,,,,],[b. Notes Receivable,,,,],[c. Land,,,,],[d. Cash,,,,],[e. Legal Expense,,,,],[f. Prepaid Insurance,,,,],[g. Accounts Receivable,,,,],[h. Notes Payable,,,,],[i. Tour Service Revenue,,,,],[j. Unearned Revenue,,,,],[k. Services Revenue,,,,],[1. Equipment,,,,]]
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